Branch Senior Processor

Job Posting:Are you an experience Loan Processor with atleast 5 years of recent Processing experience? Are you well versed in Conventional, FHA and VA loans? Are you looking to join a team with a great TEAM culture?
Are you local to the Chicago area? This position is a hybrid role that is in office Tuesday-Thursday and Remote Mondays and Fridays.
The Branch Senior Processor position prepares loan files for residential mortgage applications. Communicates with branch and corporate employees in a timely, efficient, and courteous manner.

Essential Job Functions:

• Works with Loan Officer to determine product suitability; communicates changes to loan officer
• Compiles financial and other needed data to complete loan file
• Orders supporting documentation, such as appraisals, verifications of employment, verifications of deposits, etc.
• Evaluates loan applications for reasonableness and, if needed, escalates files for further evaluation
• Communicates with Loan Officer and borrower to obtain missing documentation
• Reviews files for completeness prior to submission to Underwriting
• Obtains documentation needed to clear conditions, if required
• Submits approved files to Closing
• Prioritizes workflow so loans close on time
• Communicates with title company, appraiser, and other vendors as required
• Provides excellent customer service to borrower, loan officer, vendors, and other interested parties
• Prepares and sends approval and denial letters
• Records data on the status of loans, including number of new applications and loans approved, cancelled or denied

Non-essential job functions

• Participates in and leads proactive team efforts to achieve departmental and company goals
• Adopts Fairway values in personal work behaviors, decision making, contributions and interpersonal interactions
• Contributes to a positive work environment by demonstrating cultural expectations and influencing others to reward performance and value "can do" people, accountability, diversity and inclusion, flexibility, continuous improvement, collaboration, creativity and fun
• Performs other duties as assigned

Required Knowledge and Skills:

• Solid knowledge and understanding of conventional and government (FHA/VA) loan requirements
• Solid knowledge and understanding of state and federal real estate lending regulations
• Solid knowledge and understanding of loan processing software systems
• Solid knowledge and understanding of desktop underwriting programs preferred
• Extensive knowledge and understanding of customer service and intrapersonal best practices

Required Education and Experience:

• High School diploma or equivalency degree
• 5+ years of experience as a Loan Processor strongly preferred
• Demonstrated experience in or knowledge of the Mortgage industry preferred
• Demonstrated experience analyzing and interpreting data
• Demonstrated experience using available information to make sound business decisions
• Demonstrated experience working in a fast paced and changing environment
• Demonstrated experience with attention to detail, written and oral communication, multi-tasking, and working in a team atmosphere adhering to tight deadlines
• Demonstrated experience with MS Office software products including 10 key

Physical Environment:

• This position is primarily an in office position
• Normal office environment

Travel Expectations:

• Local travel may be required for company or career-related meetings, programs, and/or events.

Reasonable Accommodations

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable Accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
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